Member Info for ivans

with derampers in full force, they main aim is to drive sp down so that they can buy cheaper. i have added some more today. company generating revenue and fully funded for the incoming frac. this will rise back up soon!!

have seen many times when sp drift while waiting a couple of months . can KEFI sustain 1p as minimum or will we drift sub 1p again due to impatient traders not to wait till june for financing?

our mcap only just 17m at 1.3p. ANGS revenue expected to be 7m per month and maybe even higher on higher gas price AND hence our mcap is expected to be much higher once production starting

below is a good read as reminder for those researching on ANGS

https://total-market-solutions.com/2022/04/angus-energy-plc/

"ANGS’ primary focus is moving Saltfleetby into production in early summer to take advantage of gas prices that have surged to 229p per therm. A revised Competent Persons Report published last October estimates the field is capable of generating £230m in gross revenue, which would secure ANGS, with its 51pc interest, a cashflow of £55.9m on a mid-case (P50) basis, and £31.7m on a conservative (P90) basis.

Fabrication, testing, assembly and certification is well advanced, with the site expected to be ready for commissioning later this month. ANGS is targeting gross production of 1.5m therms per month worth £7.2m at today’s forward price. The company is aiming to begin sidetracking operations at Saltfleetby’s first well in June. The final local authority permissions required for first gas were confirmed last month. The push towards production was supported by a £1.4m fundraise in February"

top up time.

we are below 20m mcap and revenue alone will be massive. yes, several more weeks to wait but am happy to wait. after all, discussion on asset sale still ongoing and brockham news could come sooner too.

ANGS expecting to generate revenue around 7m per month. SOU only interested to buy cheaply. i am glad ANGS has come to common sense and not selling us out cheaply.

ANGS also aware that with production just within weeks, our sp will be much higher compared to cheap takeover offer

Art mentioned about refinancing - could be with credit facility. but credit facility could be convertible which basically same as CLN and hence its more dangerous than placing as financier can get paid at lower than sp every time,

just wish Art do the placing now while we are up

Wres has been in poor performance for ages, so i dont think we are suspended because of that. Henfe, what is the reason for suspension? I know a couple of reason could be takeover or late in producing annual accounts.

just noticed EOG also have the old licence on shale.

is this true, should add several more pence on any good news on that front - added bonus

https://www.proactiveinvestors.co.uk/companies/news/129316/europa-raises-stakes-in-uk-onshore-projects-in-deal-with-shale-petroleum-ltd-129316.html

is it possible we get to 3p soon, before getting any takeover offer (forget SOU - they are cheeky. they dont have capital for high offer anyway, - i am expecting offer from larger players)

then offer at 6p minimum?

am surprised many have sold EDR. have they now moved to EOG expecting North sea drilling?

where are we going to get cash to pay for the acquisition? first installment soon.

not for me as i suspect placing soon, in order to pay for that

more news coming soon, notable the gold updates especially with gold price is very high now.

other company already 20m mcap based on gold alone.

how much will we be making per mth once we start production ??

news today is positive as Seritza is willing to extend and will further restructure the loan. they know chinese will get funding and as such, they will get better return by extending the loan even further down the line.

today only a handful of trades, low volume, and yet we are down massively.

CEO /director invested alots and they have lots more to lose. am happy to continue holding and will wait. wish i could top up more at this ridiculous price.

luckily am already out last mth from here. its very risky.

better invest in low mcap producers like ANGS which waiting for takeover offer, or UOG and EOG, both are producers with low mcap sub 20m

88e mcap still too high at the moment, with no revenue

with rumours on placing for RBD is doing its rounds, will there be any placing for UJO too? WN will be very costly and even with revenue from Wressle, we may need to raise some more unless if we want to wait till much later the year for anything to happen at WN ? any thoughts?

would have thought with rising oil price,Wressle value should help our sp

looks like seller is now out. hopefully now we can start rising rapidly !

not much but profit nevertheless. not easy in current market, so profit from BEM is most welcomed

i have eyes now on ANGS - issued late RNS today. hopefully that will start rerating - after all, about to start producing gas in UK with low mcap!

why do i got the feeling SOU may do placing soon in order to acquire ANGS at higher offer price to ANGS ?